Please show and explain all calculations.

8. The Norman Corporation's stockholders' equity accounts have the following balances as of January 1 , 2016 Norman engaged in the following dividend transactions during 2016: March 1: Declared a 50% stock dividend on the common stock, distributable on April 10. The market price per share for the common stock was $35 on March 1. April 10: Distributed the stock dividend declared on March 1. June 30: Declared a 10\% stock dividend on the common stock, distributable on August 5 . The market price for the common stock was $38 per share on June 30 . August 5: Distributed the stock dividend declared on June 30. December 1: A \$.60 per share cash dividend was declared on the common stock, payable on January 20, 2017. Required: Prepare the entries to record the dividend transactions for 2016. (Do not record the cash dividend payment in 2017.)